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This document is an electronic record in terms of the Information Technology Act, 2000 and the rules framed thereunder. This electronic record is generated by a computer system and does not require any physical or digital signatures.
What we do
We provide a platform through which the new and growing businesses and registered users can interact with each other for the purpose of evaluating a potential business relationship. We enable users of the Platform to register either as a Startup (defined below) or as an Investor (defined below) (hereinafter referred to as “Trica Capital”). Through the Trica Capital's Services provided on such platform, We facilitate the validation of the business ideas provided by the Startups as well as effective and secure communication between such Startups and other users including Investors and others.
Through this Platform We also provide other features and services related to ESOP and cap table management software for companies, its shareholders and employees along with informational articles on its blog (hereinafter referred as “Trica Equity”). The services provided under Trica Capital and Trica Equity hereinafter collectively referred to as “Services”.
You can access the Platform without registering for an account. However, to use several features, You will need to register and create a profile with accurate and complete information. Your profile must be Your own or of a person or entity You are entitled to represent and You shall not use or provide any information that is offensive or that violates any third party’s rights.
The person who first completes the registration on behalf of any organization is the initial administrator for purposes of such organization’s (“Organization”) use of the Service, and exercises certain options to initially determine the level of access, privacy, and security for the Service related to the Organization (“Administrator Account”).
The Platform may be accessed and used solely by the number of persons authorized by the Administrator Account to access and use the Services which may include the employees (present and former) of the Customer, shareholders of the Customer and representatives, agents, officers, directors, advisor, consultant, and other personnel of the Customer (“Authorised Users”) as specified in the applicable pricing plan. Sharing of Authorised User accounts (user identification and password) is prohibited. Authorised User accounts may only be reassigned to a new individual replacing one who will no longer use the Services.
Account de-activation: You can choose to de-activate Your account with CapitalGrid maintained on the Platform by notifying to email@example.com. Please note that any cancellation / deactivation of Your account shall be subject to the payment terms applicable to You.
Sign-up: If You are a business looking for advice, mentors, prospective employees or to connect with the investor community, You have to register as a ‘Startup’ (“Startup”). Depending on Your requirements/features You wish to access, You shall provide basic or detailed profile data. We may provide You with features where You can opt to restrict visibility of specified parts of Your profile to the public or other members of the Platform. We cannot, however, guarantee that users who access this restricted information will not distribute that information to other persons.
Features: You may be required to accept special terms and conditions, execute additional documentation or pay additional fees to access certain features of the Platform. When You opt for certain features, based on Your authorization, We may be required to reach out to Investors relevant to You using the built-in recommendation engine algorithms or based on our non-automated database.
Fundraise: You acknowledge that You are not a publicly listed company and Your securities are not registered, or required to be registered, on any stock exchange in any jurisdiction. In the event You and any other member of the Platform choose to engage in a business relationship, whether or not a proposed investment into the Startup, the terms and conditions of such relationship shall be agreed between the parties to such relationship and CapitalGrid shall not be responsible for the same. Any transaction in securities that You may offer or conclude with any other member of the Platform shall be offered, issued, allotted or transferred in strict compliance of all applicable laws including but not limited to private placement rules under applicable securities laws. However, it shall be Your responsibility as a Startup to comply with the provisions of applicable laws including the Companies Act, 2013 and the private placement rules thereunder.
Verification: CapitalGrid may, in connection with making available certain features of the Platform to You, require certain information or documents to verify details provided by You including but not limited to identity, constitutional information or authorization. In case You do not provide such information, You may be unable to access certain features of the Platform.
Sign-up: In case You are a sophisticated investor interested in exploring opportunities to engage with early-stage companies and venture capital undertakings in the capacity of an advisor, mentor or investor, You have to register on the Platform as an ‘Investor’ (“Investor”) . Once You register by providing Your profile details, CapitalGrid may contact You before approving Your Investor account on the Platform. You shall be eligible to use the features of the Platform available to an Investor only after Your registration has been approved by CapitalGrid for the same. Depending on the information You provide such as interests and prior investments, the Platform will display members of the Platform with whom You may wish to connect.
Eligibility: By applying for an Investor account on the Platform, You confirm that You are a sophisticated investor with personal or professional experience assessing the short term and long term business prospects of early stage companies and venture capital undertakings and understand the risk of investing in such businesses, including the high likelihood of loss and long period of illiquidity. You further confirm that You have prior experience in investing in start-up, emerging and early-stage ventures; or have promoted or co-promoted more than one start-up; or are a senior management professional with at least 10 (ten) years of experience; and have net tangible assets of INR 2 crores excluding Your principal residence. You acknowledge that You are capable of evaluating the merits and risks of such investments, are able to incur a complete loss of such investment without impairing Your financial condition and are able to bear the economic risk of such investment for an indefinite period of time
Features: We provide several tools and services for You to explore and evaluate Startups including access to a Startup’s investor deck, founder video, traction, financials and messaging the founders depending on the privacy settings chosen by each Startup. We also display and classify Startups under several categories such as ‘Featured’, ‘Trending’ and ‘Recommended’. This classification is made by our software algorithms and offline analysts team based on Your prior investments, sector interests, other information provided by You and interactions of other members of the Platform with such Startup. We may not display all Startups that meet Your criteria or all Startups. We Our display may not satisfy Your criteria, but these classifications are made on a best efforts basis. We also provide features to follow a Startup’s profile and/or progress through different tools on the Platform. Some of these features are available based on whether You have previously invested or committed to invest in a particular Startup. As an Investor, You can explore and evaluate opportunities to acquire securities of early-stage companies and venture capital undertakings from existing holders of such securities and to invest in venture capital funds and other investment funds. These opportunities are informed to CapitalGrid directly by the existing holders of such securities, the startup or their agents. Based on Your review and evaluation of the information provided on the Platform, if any (being information provided to CapitalGrid by existing holders of such securities/companies/fund representatives or otherwise compiled from publicly available sources) You may choose to evince interest in purchasing such securities/invest in such fund. CapitalGrid shall introduce and enable discussions between You and such persons based on Your request
Investment Vehicles: A Startup may, in consultation with the lead Investor or other representatives, require or provide an option for You to invest through certain investment vehicles such as alternative investment funds and special purpose vehicles. The terms and conditions of Your investment through such vehicle shall be governed by a separate agreement executed with You by such vehicle and/or the Startup.
Enterprise Users: As an Investor, You may also be allowed to create a profile on behalf of an entity such as investment funds, incubators, accelerators, portfolio manager, investment banks or family offices (“Enterprise”) . You represent that You are duly authorized to create such profile and represent the Enterprise on the Platform and that Your actions on the Platform shall be binding on the Enterprise.
Risks: You acknowledge that an investment in a single Startup or multiple Startups and/or investment funds on the Platform involves a high degree of risk, regardless of whether such investment is direct or through an investment vehicle. There can be no assurance that:
A Startup will achieve its business plan, stated objectives or targeted valuation.
The investment vehicle’s objectives will be achieved;
A lead Investor has experience;
An Investor will receive a return of any part of its investment. In addition, there may be occasions when the investment advisor to an investment vehicle (“Manager”) , a lead Investor, and/or their respective affiliates may encounter potential conflicts of interest in connection with an investment vehicle or Startup, such that said party may avoid a loss, or even realize a gain, when other Investors in the investment vehicle/Startup are suffering losses.
The following considerations, among others, should be carefully evaluated before making an investment in a Startup, whether directly or through an investment vehicle. A Startup is likely to operate in market is highly competitive and the percentage of companies that survive and prosper is small. Early-stage businesses often experience unexpected problems in the areas of product development, manufacturing, marketing, financing, and general management, among others, which frequently cannot be solved. In addition, Startups may require substantial amounts of financing, which may not be available through institutional private placements, the public markets or otherwise. Please refer to https://www.trica.co/risks before using the Platform.
Offer for Sale:You, as an existing holders of securities of companies, may sell or offer Your securities for sale on private basis, to the members of the Platform who evince interest in purchasing Your securities. CapitalGrid shall introduce and enable discussions between You and such persons based on Your request.
Content and Data
You shall not host, display, upload, modify, publish, transmit, update or share any information that:
belongs to another person and to which You do not have any right.
is grossly harmful, harassing, libelous, invasive of another’s privacy, hateful or racially, ethnically objectionable, disparaging, relating or encouraging money laundering or gambling, otherwise unlawful in any manner whatsoever.
harms minors in any way.
infringes any patent trademark, copyright or other proprietary rights.
violates any law for the time being in force.
deceives or misleads the users about the origin of such messages or communicates any information which is grossly offensive or menacing in nature.
impersonates another person.
threatens the unity, integrity, defense, security or sovereignty of India, friendly relations with friendly states, or public order or causes incitement to the commission of any cognizable offence or prevents investigation of any offence or is insulting any other nation.
You agree that You shall not, directly or indirectly, enter into any transaction to consummate any transaction in relation to securities of early-stage companies, venture capital undertakings and/or investment funds other than through the Platform where such investment was identified by You in the first instance on the Platform. You shall also take best efforts to inform the Startup/company/shareholder/investment fund that the investment was discovered through the Platform, whether or not such transaction is ultimately consummated directly by You or through any investment fund, special purpose vehicle, related party or affiliate controlled or advised by You. You shall refrain from inducing or encouraging any Startups, venture capital undertaking or other companies on the Platform to breach the agreement entered into between CapitalGrid and such Startups, venture capital undertaking, shareholders or investment funds, as the case may be.
The Platform allows You to submit, store, and access certain business data such as employee stock option policy, board and shareholders’ resolutions, grant letters, acceptance letters, nomination forms, shareholding details, and other information related to You, Your employees, Your shareholders, or Your business collectively (“Customer Data”).
By submitting Customer Data to trica, You hereby represent and warrant that You have all lawful rights necessary to provide the Customer Data required for tricaand its service providers to provide the Services through Our Platform.
How We use Customer data
Authentication and Authorization: We use Your data to authenticate and authorize access to Our Services on the Platform.
To provide Services: We process Customer Data to provide Services to You through the Platform.
To improve Services: We analyse and process Customer Data to improve the Services We provide to You and other customers. However, We do not share Your Customer Data with any user outside Your Organization.
To send emails and other communications: We may send You Service, technical and other administrative emails, messages and other types of communications. We may also contact You to inform You about changes in Our Services and Our Services offerings. These communications are considered part of the Services and You may not opt out of them unless You choose to not use Our Services.
Customer Support: If You send Us a request (for example via a support email or via one of Our feedback mechanisms), We respond to Your request and assist You in resolving the issue faster.
Other purposes: Company shall collect Customer Data for such other purposes as provided in any separate service agreement between the Company and the Customer, or as otherwise authorized by the Customer in accordance with applicable law.
Data Retention Policy: We shall retain Your information as long as You use Our Platform for any Services. We may also retain Your personal information for an extended period under applicable statutory laws. When You decide to stop using Our Services, You may request us, in writing, to either delete or return all Customer Data, whereupon We shall comply with such written instructions. In case no request to return Customer Data or confidential information is received within 90 (ninety) days, the Company may at its sole discretion delete Your Customer Data and other confidential information.
Data Backup Policy: The Company shall be responsible for backing up Customer Data by ensuring Our database server has scheduled backups which take a snapshot after every 6 (six) hours.
Security Measures to Protect Customer Data
We implement security controls and features to prevent breaches and unauthorized access to Your data such as third party VAPT (Vulnerability and penetration testing) certification, ISO 270001 for information security, SSL encryption (https) for all traffic between Authorised User and the server and strict access control for database server (IP whitelisting based).
In the event of any breach of Customer Data, trica shall take appropriate measure to remedy such data breach and will also inform the Customer about such breach within 24 (twenty four) hours.
trica can use Your “logo” or “name” and mention You as Our Customer in various media.
Payment needs to be made within 30 (thirty) days after raising the invoice for payment, or immediately upon such payment becoming due as per the applicable pricing plan, to Our bank account as mentioned in the invoice, where applicable.
Certain features and Services available on the Platform are accessible only upon payment including those features set out in https://www.trica.co/pricing. The consideration for the Services and any other charges due from You shall be as per the rates in effect at the time at which it is charged. We reserve the right to introduce or remove or modify plans and pricing from time to time.
We store the username, name, e-mail address, contact number and payment information such as credit card details, for continued and uninterrupted Services. We use the Services of third-party payment service providers to process Your payment and share the payment information and other identifiers with such third parties in accordance with their terms and conditions. Accordingly, Your payments to Us through such third party services shall be in accordance with the terms and conditions of adopted and implemented by such service provider and CapitalGrid shall not be responsible for failed or incomplete transactions.
Representations and Warranties of User
You hereby represent and warrant:
That You are at least 18 (eighteen) years old and competent to execute and perform into any agreement you enter into through Our Platform.
That You shall not use a false name or email address owned or controlled by another person with the intent to impersonate that person or for any other reason.
That You shall not use a user ID name that is subject to any rights of a person other than yourself without appropriate authorization.
That You shall be solely responsible for maintaining the confidentiality of Your password.
That all the representations made by You to Us including in accordance with these terms and conditions are true, correct and complete and that You will update Your registration information with the Company as needed so that it remains true, correct and complete.
That You will conduct yourself in a professional manner in all Your interactions with any other user, CapitalGrid, their respective directors, employees and officers and shall not defame, harass, intimidate, threaten, disparage, libel or otherwise make false statement concerning any of the aforesaid persons in the course of Your interactions with them or third parties.
That Your usage of the Platform will not, in any manner, directly or indirectly, violate terms of any contractual arrangement binding on You. Further, You agree not to use the Platform in a manner that results in an event where You may experience a conflict of interest such as with an entity in which
You are currently holding shares;
You are a director or a key employee
You exercise significant influence.
That You shall cooperate in good faith with other users, fellow shareholders in the Startup, CapitalGrid and its personnel, and their respective employees and officers to give effect to and honour the terms of any contract entered into between You and such persons, whether or not executed through the Platform.
Emails, Newsletters and Notifications
If You wish to subscribe to Our newsletter(s) or receive notifications or e-mails from Us, We will use Your name and latest e-mail address provided by You in this regard. However, You may choose to stop receiving Our newsletters by following the instructions to unsubscribe as included in these e-mails or You can contact Us at firstname.lastname@example.org.
From time to time, we test various aspects of our Platform, including our website, user interfaces, service levels, plans, promotions, features, availability of content, delivery, and pricing, and we reserve the right to include You in or exclude You from these tests without notice.
CapitalGrid shall have no obligation to monitor or enforce any intellectual property rights that may be associated with the content provided by You on the Platform.
If You are a copyright owner or an agent thereof and believe that any content on the Platform infringes upon Your rights, You may contact at email@example.com and provide details requested in regards to such infringement.
The Platform may be used only for lawful purposes. CapitalGrid specifically prohibits any use of the Platform for and You agree not to use the Platform for any of the following purposes:
Modifying, publishing, storing, transmitting, distributing, displaying, performing, participating in the transfer or sale of, create derivative works on, or in any way exploiting, any of the copyrighted material contained on the Platform, in whole or in part, without Our prior written consent.
Subleasing, leasing, selling, assigning, transferring, distributing, renting, permitting concurrent use of, or granting other rights in the content and any material and documentation provided on the Platform by other users or CapitalGrid to any third party.
defame, libel, disparage, threaten, harass or intimidate anyone or otherwise violate the personal, privacy, contractual, intellectual property or other rights of any person, including by the use of offensive comments related to race, national origin, gender, sexual preference or physical handicap. submit any content or material that falsely expresses or implies that such content or material is sponsored or endorsed by CapitalGrid.
sell access to the Platform or any part thereof other than through a mechanism expressly approved by CapitalGrid.
accessing data not intended for You or logging into an account which You are not authorized to access.
attempting to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization.
interfere with service to any user, host, or network.
You shall not misuse this Platform by knowingly introducing viruses, trojans, worms, logic bombs or other materials that are malicious or technologically harmful (together "Viruses "). You must not attempt to gain unauthorized access to our Platform, the server on which the Platform is stored or any server, computer or database connected to this Platform. You must not attack this Platform via a denial-of-service attack. Further, You shall not interfere with or circumvent any security feature of the Platform or any feature that restricts or enforces limitations on use of or access to the Platform, such as probing or scanning the vulnerability of any system, network or breach.
By breaching the provisions of this Paragraph 14, You may be liable to be prosecuted under the Information Technology Act, 2000 and any other applicable law. We will report any such breach to the relevant law enforcement authorities and We will co-operate with such authorities by disclosing Your identity to them. In the event of such a breach, Your rights to use this Platform will cease immediately.
We will not be liable for any loss or damage caused by a denial-of-service attack or Viruses that may infect Your computer equipment, computer programs, data or other proprietary material due to Your use of this Platform or to Your downloading of any material posted on it, or on any Platform linked to it.
You agree to immediately report to Us all incidents involving suspected or actual unauthorized access, disclosure, alteration, loss, damage, or destruction of data.
You shall not interfere with or disrupt (or attempt to interfere with or disrupt) access and enjoyment of the Platform of other users or any host or network, including, without limitation, creating or transmitting unwanted electronic communications such as “spam” to other users, overloading, flooding or mail-bombing the Platform, or scripting the creation of content in such a manner as to interfere with or create an undue burden on the Platform.
You are prohibited from reverse engineering, decompiling, reverse assembling, modifying or attempting to discover or copy any software, source code or structure that the Platform utilize to generate web pages or any software or other products or processes accessible through the Platform.
All actions performed by any person using Your account and password shall be deemed to have been committed by You and You shall be liable for the same. CapitalGrid reserves the right to suspend/terminate Your account at any time if it is found that You have been sharing the password with any unauthorized user..
In order to reduce the risk of unauthorized access, all accounts maintained with Us through the Platform are locked after five (5) consecutive incorrect login attempts. In the event of such lockout, You can email the administrator at firstname.lastname@example.org and the account shall be unlocked upon receipt of Your email. You can also request for a password reset on our website through the ‘forgot password’ option on Our Platform.
Company may also place additional fair use restrictions including restrictions on concurrent connections and time of usage.
Modifications and Interruptions
We reserve the right at any time and from time to time, in Our sole discretion, to modify the content on the Platform or any part thereof, including the transmission of any related materials or documentation, updation and upgradation, with or without providing prior notice to You. We further reserve the right at any time and from time to time, at Our sole discretion, to alter, modify or terminate any content or features contained on the Platform without providing to You prior notice of such alteration, modification or termination. You agree that CapitalGrid shall not be liable to You or to any third party claiming through You, for any modification of the content or features provided on the Platform.
We do not warrant that the Services will be uninterrupted or error free at all times. We may experience hardware, software, or other problems or need to perform maintenance related to the Platform, resulting in interruptions, delays, or errors
We use internally developed systems for providing You access to and facilitating Your use of the Platform. These systems may encounter technical or other limitations, and computer and communications hardware systems might experience interruptions. Further, We continually enhance and improve these systems in order to accommodate the level of use of the Platform. We may also add additional features and functionality to Platform that might result in the need to develop or license additional technologies. Increased utilization of the Platform or providing new features or functionality may cause unanticipated system disruptions, slower response times, degradation in levels of customer service, and delays in reporting accurate financial information. You agree that We shall not be liable to You or to any third party claiming through You, for any such failures contemplated herein.
Links to / from other Platforms and Third Party Tools
The Platform may contain link/s to various other websites. These links are provided solely for Your convenience and benefit. Wherever such link/s lead to websites which are not owned by or belong to CapitalGrid, We shall not be responsible for the content, products and services provided on such linked sites. We do not warrant or make any representations regarding the correctness or accuracy of the content on such websites. If You decide to access such linked websites, You do so at Your own risk. We do not in any way endorse the linked websites.
Similarly, this Platform can be made accessible through a link created by other websites. Access to this Platform through such link/s shall not mean or be deemed to mean that the objectives, aims, purposes, ideas, concepts of such other websites or their aim or purpose in establishing such link/s to this Platform are necessarily the same or similar to the idea, concept, aim or purpose of Our Platform or that such links have been authorized by Us. We are not responsible for any representation/s of such other websites while affording such link and no liability can arise upon CapitalGrid consequent to such representation, its correctness or accuracy. In the event that any link/s afforded by any other website/s derogatory in nature to the objectives, aims, purposes, ideas and concepts of this Platform, is utilized to visit this Platform and such event is brought to the notice or is within the knowledge of CapitalGrid, civil or criminal remedies as may be appropriate shall be invoked.
All electronic communications and content presented and/or passed to Us, including that presented and/or passed from remote access connections, may be monitored, examined, saved, read, transcribed, stored, or retransmitted in the course of daily operations by any duly authorized employee or agent of CapitalGrid in the exercise of their duties, or by law enforcement authorities who may be assisting CapitalGrid in investigating possible contravention / non-compliance with applicable law. Electronic communications and content may be examined by automated means. Further, CapitalGrid has the right to reject, at its sole discretion, from the Platform any electronic communications or content deemed not to be in compliance with the corporate policies and procedures of CapitalGrid.
You acknowledge and agree that, upon termination, You shall immediately destroy any copies made of any portion of the content contained on the Platform. You acknowledge and agree that CapitalGrid shall not be liable to You or any third party claiming through You, for any suspension or termination of access to Platform.
Disclaimer of Warranties and Limitation of Liability
CapitalGrid does not endorse or act on behalf of any third party. In the event You engage the services of / interact with any third party, through the Platform, CapitalGrid will not be liable to You for any act or omission by such third party in relation thereto.
We hereby expressly disclaim all warranties and representations of any kind with respect to any and all content and features available on the Platform, including but not limited to
warranties as to merchantability or use for a particular purpose whether or not CapitalGrid knows or has reason to know or has been advised of any such purpose. OR
warranties as to any results to be obtained from any use of the CapitalGrid content or information derived from use of the Platform.
To the maximum extent permitted by law, We disclaim all warranties of any kind whatsoever, whether express, implied, oral or written, including without limitation, accuracy of content, non-infringement, non-interference, merchantability or fitness for a particular purpose or that the Services (including the Platform) will be uninterrupted, timely or error-free.
CapitalGrid shall have no liability for any losses, direct or indirect, in contract, tort, or otherwise, incurred in connection with the CapitalGrid content on the Platform, including but not limited to loss of revenue or profit or any other commercial or economic loss or for any decision made or action taken by any third party in reliance upon the CapitalGrid content.
Any content or Services provided through the Platform shall not be construed as price discovery, recommendation or an offer to sell or solicitation of any offer to buy an securities or other form of financial asset, or financial or investment advice by CapitalGrid or an opinion provided by CapitalGrid regarding the appropriateness or suitability of any investment, or a recommendation or an offer or solicitation by CapitalGrid or the new and growing businesses for the purchase or sale of any security or securities in general, nor otherwise an endorsement, inducement, or solicitation of any type. You warrant and covenant that You shall enter into transaction in relation to any securities/the fund only after fully reviewing the necessary documents and Your decision to enter into any transaction shall solely be on the basis of such documents and discussions directly with the existing holder of such securities/investment fund (including the transaction value) and shall not be made in reliance upon any other representation, warranty or information provided by CapitalGrid. CapitalGrid shall have no liability to any party in relation to any agreements or transactions entered between You and existing holders of securities/companies/investment fund. You must make Your own assessment regarding and are responsible for compliance with, regulatory requirements as may be applicable to You as shareholder/limited partner in each relevant jurisdictions and CapitalGrid shall have no liability to any person in this regard..
You acknowledge and agree that by the mere fact of registering on Our Platform, You do not acquire any right to subscribe to the shares of any of the said businesses. Such right to subscribe to the shares of any of the said businesses shall be conferred upon You only in the event that such business or entity extends an express invitation or offer to You to subscribe to the shares of such business or entity.
The Platform, all the materials and services, included on or otherwise made available to You through this Platform is provided by CapitalGrid on an "as is" and "as available" basis without any representation or warranties, express or implied except otherwise specified in writing. Without prejudice to the forgoing Paragraph, CapitalGrid does not warrant that:
The Platform will be constantly available, or available at all.
The information on the Platform or provided through the Website is complete, true, accurate or not misleading.
The quality of any products, services, information, or other material that You obtain through the Platform will meet Your expectations.
CapitalGrid is not a stock exchange recognised by the Securities Exchange Board of India (SEBI ) under the Securities Contract (Regulation) Act, 1956. The securities offered by any Startup registered on the Platform are not traded on any stock exchange recognised by SEBI. CapitalGrid does not allow any secondary market trading of securities on the Platform.
You agree to indemnify and hold CapitalGrid harmless from:
any acts or deeds, including for any non-compliance or violation, of any applicable law, rules, regulations on Your part;
for fraud committed by You; or
Your infringement of any intellectual property or other right of any person or entity; or
as a result of any threatening, libelous, obscene, harassing or offensive material posted / transmitted by You on the Platform.
CapitalGrid makes no representation that the content contained on the Platform is appropriate or to be used or accessed outside of the Republic of India. You are expressly notified that, many states and foreign countries all have their own regulations that must be observed in relation to Your use or access of the Platform. You must make Your own assessment regarding, and are responsible for compliance with, regulatory requirements as may be applicable to Your use and access of the Platform in such jurisdictions.
Governing Law and Dispute Resolution
The arbitration shall be conducted by a sole arbitrator jointly appointed by CapitalGrid and You. If parties fail to appoint an arbitrator within 30 days after service of the notice of arbitration, such arbitrator shall be appointed in accordance with provisions of the Arbitration and Conciliation Act, 1996. The venue of arbitration shall be Bangalore, India.
The language of the arbitration proceedings and of all written decisions and correspondence relating to the arbitration shall be English.
You agree and acknowledge that the provisions of Paragraph 13 (Intellectual Property)and Paragraph 16 (Privacy ) are of importance to CapitalGrid and monetary compensation may not constitute adequate relief and remedy to CapitalGrid for non-performance by You of Your obligations thereunder. Accordingly, CapitalGrid shall be entitled to claim specific performance and seek mandatory and/or perpetual injunctions requiring You to perform Your duties and obligations under such provisions.
CapitalGrid shall be entitled to assign their rights and obligations hereunder to any Affiliate, third party or as part of any restructuring, business combination, merger or acquisition.